"The allotment of 1,750 rated, listed, secured, redeemable non-convertible debentures (NCDs) having face value of Rs 10,00,000/ each aggregating to Rs 175 crore on private placement basis was approved by the Finance & Administration Committee of the Board of Directors of the company on May 27, 2020," it said in a regulatory filing to the BSE.
The company had clocked a consolidated net profit of Rs 25.31 crore in the corresponding quarter a year-ago, Welspun Enterprises said in a regulatory filing to the BSE.
Using the sum-of-the-parts valuation, Antique assigned a target price of Rs 172 to the stock, implying 78 percent potential upside.
58 stocks in the S&P BSE Small-cap index rose 10-40% in the week gone by which include names like Welspun Enterprises, Dhampur Sugar, Dish TV, and BEML.
This is the verbatim transcript of Welspun Enterprises management call with analysts.
The company has received the letter of award from PWD, Government of Maharashtra, for upgradation of roads/two-laning of roads/ two-laning of roads with paved shoulder under Maharashtra Road Improvement Programme (MRIP) Package on Hybrid Annuity Mode (HAM)...in Amravati, Welspun Enterprises said in a BSE filing.
The company had posted a net profit of Rs 17.20 crore in the year-ago period, Welspun Enterprises said in a filing to BSE.